Wages in Cyprus increased to 1907 EUR/Month in the third quarter of 2020 from 1900 EUR/Month in the second quarter of 2020. source: Statistical Service, Ministry of Finance of Republic of Cyprus

Wages in Cyprus averaged 1817.61 EUR/Month from 2003 until 2020, reaching an all time high of 2296 EUR/Month in the fourth quarter of 2012 and a record low of 1360 EUR/Month in the first quarter of 2003. This page provides the latest reported value for - Cyprus Average Monthly Earnings of Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Average Monthly Earnings of Employees - values, historical data and charts - was last updated on February of 2021.

Wages in Cyprus is expected to be 2285.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Cyprus to stand at 1948.00 in 12 months time. In the long-term, the Cyprus Average Monthly Earnings of Employees is projected to trend around 2319.00 EUR/Month in 2021 and 2366.00 EUR/Month in 2022, according to our econometric models.

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Cyprus Average Monthly Earnings of Employees

Actual Previous Highest Lowest Dates Unit Frequency
1907.00 1900.00 2296.00 1360.00 2003 - 2020 EUR/Month Quarterly
NSA

Cyprus Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.30 7.80 16.50 3.00 percent [+]
Employed Persons 416.50 400.80 416.50 135.00 Thousand [+]
Unemployed Persons 37234.00 30451.00 77142.00 12448.00 [+]
Long Term Unemployment Rate 2.20 1.80 7.80 0.40 percent [+]
Youth Unemployment Rate 21.30 21.30 41.10 7.80 percent [+]
Labour Costs 94.72 105.57 126.56 65.45 points [+]
Job Vacancies 6839.00 6876.00 16194.00 2137.00 [+]
Wages 1907.00 1900.00 2296.00 1360.00 EUR/Month [+]
Population 0.88 0.86 0.88 0.50 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 2.00 0.40 7.10 -3.40 percent [+]
Labor Force Participation Rate 62.90 62.20 64.70 55.50 percent [+]
Productivity 104.00 99.50 104.00 76.00 points [+]
Part Time Employment 37.30 40.20 50.00 15.80 Thousand [+]
Employment Change -0.40 -0.90 2.40 -2.10 percent [+]
Employment Rate 69.70 69.90 71.50 60.90 percent [+]
Full Time Employment 364.80 365.30 367.30 257.80 Thousand [+]


Cyprus Average Monthly Earnings of Employees
In Cyprus, wages are benchmarked using nominal salaries.